The exclusive control of a particular industry, market, service, or commodity by a single organization.

A never-ending board game and economic condition that inflicts permanent suffering on everyone except the winner.

A market where there is only one potential supplier.

A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.

n. a business or inter-related group of businesses which controls...

A market structure in which there is a single seller.

Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price.

A situation in which one company or organisation has complete control of all, or nearly all, of the market for a particular type of product or service.

Monopoly is a situation where there is a single seller in the market. In conventional economic analysis, the monopoly case is taken as the polar opposite of perfect competition. By definition, the dem [..]

A situation where there is only one seller of a good or service due to either protection by legislation or the impracticality of other parties to enter the market.

Any commercial process in which one seller controls prices and supply of a product.

"exclusive control of a commodity or trade," 1530s, from Latin monopolium, from Greek monopolion "right of exclusive sale," from mono- + polein "to sell," from PIE root * [..]

1. (environments definition) A market situation where one firm markets all the goods or services and can influence price. 2. (economic definition) The complete control of an economic good for which there is no substitute.

exclusive control of a good or service.

A monopoly is a market in which buyers are faced with only a single seller. The result is an absence of competition which can lead to high prices and inferior products. The opposite situation in which one buyer faces many sellers is a monopsony.

In procurement, a monopoly occurs when only one supplier supplies a particular category. Monopolies can occur due to barriers to entry such as patents, or through mergers or government licence.  Monop [..]

A market structure characterized by a single seller of a unique product with no close substitutes. This is one of four basic market structures. The other three are perfect competition, oligopoly, and [..]

When a business controls so much of the production or sale of a product or service to control the market, including prices and distribution. Business practices and/or acquisitions that tend to create [..]

(economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask any price you like&amp [..]

n. The control of a thing, as a commodity, to enable a person to raise its price.

control of supply of a product or service to a particular market. In its pure form this would mean a single supplier, but his rarely occurs. Highly dominant suppliers can however exert monopolistic co [..]

A situation in which a single producer dominates in a given industry or market. (See also Oligopoly.)

Definition A situation in which a single company owns all or nearly all of the market for a given type of product or service. This would happen in the case that there is a barrier to entry into the in [..]

Exclusive control or possession by one group of the means of producing or selling goods or services.

A situation where a single firm or individual produces and sells the entire output of some good or service available in a market without competition. If there are no close substitutes for the good or [..]

A company that has no rivals in the market for the production of its product. Economists consider monopolies to be a market failure because the lack of competition allows monopolies to raise their pri [..]

pl: -lies 1 : exclusive control of a particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior [..]

Control of the production and distribution of a product or service by one firm or a group of firms acting in concert.

A marketplace characterized by only one seller.

A market structure in which there is a single supplier of a good or service. Also, a firm that is the single supplier of a good or service for which there are no close substitutes; also known as a monopolist.

A situation where there is only one producer of a product or service

Monopoly is a control or advantage obtained by one entity over the commercial market in a specific area. Monopolization is an offense under federal anti trust law. The two elements of monopolization a [..]

Strictly defined as a market situation in which there is a single supplier of a good or service, but often used to suggest any situation in which a firm has considerable power over market price.

(n) (economics) a market in which there are many buyers but only one seller(n) exclusive control or possession of something(n) a board game in which players try to gain a monopoly on real estate as pi [..]

A single seller has control over market sales.

One seller of electricity with control over market sales.

One seller of electricity with control over market sales.

Exclusive control or possession by one group of the means of producing or selling goods or services.

Irving Fisher (1923), once defined monopoly simply as an ‘absence of competition’. From this point of view various attitudes to, or criticisms of, ...

Irving Fisher (1923), once defined monopoly simply as an ‘absence of competition’. From this point of view various attitudes to, or criticisms of, monopoly ...

A condition of trade where there is essentially only one provider of a particular product or service. A monopoly declares a lack of competition that might otherwise reduce the pricing levels of the pr [..]

n. a business or inter-related group of businesses which controls so much of the production or sale of a product or kind of product as to control the market, including prices and distribution. Busines [..]

A single seller.

Market in which one company is the only seller of a product for which there is no substitute and therefore exercises pricing power.

A privilege vested in one or more parties consisting of the exclusive right to carry on a particular business or trade. In the case of trademark law, a monopoly specifically references the exclusive r [..]

A market structure where only one firm exists in a given industry. This firm has a high degree of market power such that it is able to act as a price-maker with respect to market prices.

A state of exclusive or near-exclusive ownership or control of a commodity, service or facility through legal privilege, command of supply or concerted action, making possible the manipulation of prices.

A market situation in which a product that does not have close substitutes is being produced and sold by a single seller. See also monopsony.

If a certain firm is the only one that can produce a certain good, it has a monopoly in the market for that good.

A monopoly is when a business or company has complete control over a specific market.

The only seller with control over market sales.

A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerti [..]

Exclusive control of a product or service in a market; an exclusive privilege to undertake production or trade that is granted by a sovereign state; a firm or corporation that possesses exclusive control of a production process or commercial market, especially involving the ability to manipulate prices.

is a market structure with the following features: (i) there is only one firm in the market; (ii) the firm's supply decision affects the price; (iii) there are no close substitutes for the produc [..]

Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price.